Tuesday, February 19, 2008

Why hasn't my home sold yet!

Well, that is about the most asked question I hear about homes for sale in Chattanooga, TN. The solution is simple but not very popular. There are three reasons that houses don't sell. 1. Price, Price, Price. 2. Condition and I repeat, CONDITION. 3. Marketing. On the #3, everyone blames the marketing/advertising, but, the truth is that no amount of advertising will sell a home that is overpriced! The Real Estate market has changed, but it is not bad. Sellers and realtors have been spoiled by past years results. The truth is that now we have a "real" Real Estate market. Everyone must adapt and change with the market. If your looking to sell your home, not just list it, you need to take a long hard look at your motivation to sell and price your home accordingly. If you lower your price, your not losing money, because you never had that money in the first place. It is a percieved value, now be realistic! Visit my website at www.LivingChattanooga.com

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